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Kohls’ stock price (KSS) kept falling in the intraday levels after getting hurt by piercing the upward correctional trend line in the short term, with negative pressure from the 50-day SMA.
There are negative signals from the RSI after reaching oversold levels.
Therefore we expect more losses for the stock, targeting the first support at $20.77, provided the resistance of $24.22 holds on.
Expected trading range: between the support of $20.77 and the resistance of $24.22.
Trend forecast: Bearish